BTCS Inc. (BTCS) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
BTCS currently has 48.2M outstanding shares. with significant dilution risk as 356M authorized shares could dilute existing holders by 738.8%. The company has significantly diluted shareholders by 161.38% over the past 2 years, indicating aggressive capital raising.
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 14, 2026 |
10-Q filing | 48.2M shares outstanding |
48M | 360M |
| Mar 26, 2026 |
10-K filing | 49.8M shares outstanding |
50M | 350M |
| Nov 13, 2025 |
10-Q filing | 44.2M shares outstanding |
44M | 360M |
| Aug 13, 2025 |
10-Q filing | 48.1M shares outstanding |
48M | 360M |
| Jul 29, 2025 |
S-3 filing: BTCS Inc. intends to offer and sell from time to time common stock, preferred stock, warrants and units, with the total offering price not to exceed $2,000,000,000. |
41M | 360M |
| Jul 28, 2025 |
8-K filing: BTCS Inc. closed an offering of convertible notes and warrants, issuing $10,050,000 in notes and warrants exercisable for 879,375 shares at $8.00 per share to accredited investors. |
20M | 0 |
| Jul 21, 2025 |
8-K filing: BTCS Inc. entered into a Securities Purchase Agreement to issue convertible notes and warrants to accredited investors for a total purchase price of $9,547,500, with a trust associated with the Company's Chairman and CEO also participating in the offering. |
20M | 0 |
| Jul 14, 2025 |
8-K filing: The Company sold 9,588,333 shares of Common Stock under the ATM with H.C. Wainwright & Co., LLC, for aggregate total gross proceeds of approximately $37,834,000 at an average selling price of $3.95 per share. ($37.83M proceeds) |
20M | 0 |
| May 15, 2025 |
10-Q filing | 20.0M shares outstanding |
20M | 0 |
| May 14, 2025 |
8-K filing: BTCS Inc. issued 5% Original Issue Discount Senior Secured Convertible Notes in an aggregate principal amount of $7,810,526 for a purchase price of $7,420,000 and also agreed to issue 1,901,916 warrants exercisable at $2.75 per share. |
20M | 0 |
| Mar 20, 2025 |
10-K filing | 20.1M shares outstanding |
20M | 0 |
| Nov 13, 2024 |
10-Q filing | 16.2M shares outstanding |
16M | 0 |
| Sep 25, 2024 |
S-3/A filing: BTCS Inc. intends to offer and sell common stock and preferred stock with a total offering price not exceeding $250,000,000. |
16M | 0 |
| Aug 19, 2024 |
10-Q filing | 15.8M shares outstanding |
16M | 0 |
| May 14, 2024 |
10-Q filing | 15.7M shares outstanding |
16M | 0 |
| Mar 21, 2024 |
10-K filing | 15.7M shares outstanding |
16M | 0 |
| Feb 14, 2024 |
S-3 filing: BTCS Inc. intends to offer and sell securities, including common stock, preferred stock, and warrants, from time to time, with a total offering price not exceeding $250,000,000. |
14M | 0 |
| Nov 09, 2023 |
10-Q filing | 14.3M shares outstanding |
14M | 0 |
| Aug 11, 2023 |
10-Q filing | 13.9M shares outstanding |
14M | 0 |
| May 12, 2023 |
10-Q filing | 13.7M shares outstanding |
14M | 0 |
| Mar 31, 2023 |
10-K filing | 12.7M shares outstanding |
13M | 0 |
| Jan 31, 2023 |
8-K filing: The Company filed a Certificate of Designation designating 19.5 million shares of Series V preferred stock, convertible into common stock under certain conditions, with redemption rights and other limitations. |
13M | 0 |
| Nov 10, 2022 |
10-Q filing | 13.0M shares outstanding |
13M | 0 |
| Aug 11, 2022 |
10-Q filing | 12.6M shares outstanding |
13M | 0 |
| May 13, 2022 |
10-Q filing | 12.2M shares outstanding |
12M | 0 |
| Mar 11, 2022 |
10-K filing | 12.5M shares outstanding |
13M | 0 |
| Nov 09, 2021 |
10-Q filing | 10.3M shares outstanding |
10M | 540K |
| Sep 14, 2021 |
8-K filing: BTCS Inc. entered into an At-The-Market Offering Agreement with H.C. Wainwright & Co., LLC to potentially sell up to $98,767,500 of its common stock, and Series C-2 Preferred Stock automatically converted into 4,011,766 shares of common stock. |
5.7M | 5.1M |
| Aug 13, 2021 |
Stock Split
8-K filing: Stock split 1-for-10 | Outstanding: 57,123,458 → 5,712,345 |
5.7M | 5.1M |
| Aug 06, 2021 |
10-Q filing | 57.1M shares outstanding |
57M | 51M |
| May 13, 2021 |
10-Q filing | 57.1M shares outstanding |
57M | 51M |
| Mar 04, 2021 |
8-K filing: BTCS Inc. entered into a securities purchase agreement to sell 9,500,000 shares of common stock at $1.00 per share and warrants to purchase 7,125,000 shares at $1.15 per share in a registered direct offering, with gross proceeds expected to be $9.5 million. ($9.5M proceeds) |
20M | 88M |
| Jan 28, 2021 |
S-3 filing: BTCS Inc. intends to offer and sell common stock, preferred stock, warrants to purchase common stock, and units consisting of any combination of the foregoing securities, having an aggregate maximum offering price of $100,000,000. |
20M | 88M |
| Jan 28, 2021 |
S-1 filing: This filing discusses subsequent events including the issuance of Series C-2 Convertible Preferred Stock, grants of performance-based awards, issuance of common stock for investor relations, and a promissory note and warrant issuance. |
20M | 88M |
| Jan 26, 2021 |
10-K filing | 19.8M shares outstanding |
20M | 9M |
| Jan 06, 2021 |
8-K filing: BTCS Inc. received $1,100,000 from directors and executive officers and issued 1,100,000 shares of Series C-2 Convertible Preferred Stock. ($1.1M proceeds) |
20M | 9M |
| Jan 04, 2021 |
8-K filing: BTCS Inc. issued 1,100,000 shares of Series C-2 Convertible Preferred Stock to directors and executive officers for $1,100,000 at $1.00 per share. ($1.1M proceeds) |
20M | 9M |
| Nov 04, 2020 |
10-Q filing | 19.8M shares outstanding |
20M | 9M |
| Aug 05, 2020 |
10-Q filing | 19.8M shares outstanding |
20M | 9M |
| Jun 22, 2020 |
S-1 filing: This prospectus relates to the sale of up to 9,045,000 shares of our common stock which may be offered by the selling stockholder, Cavalry Fund I, LP. |
27M | 1.5M |
| May 11, 2020 |
10-Q filing | 19.8M shares outstanding |
20M | 0 |
| Mar 23, 2020 |
10-K filing | 12.5M shares outstanding |
13M | 0 |